Upside Range for gold with a midpoint for invalidation of range
Pictured is gold from a Daily timeframe perspective
How price is reacting at the bottom of the Weekly range is rather Reversal like and also paying attention to where price is on the DXY - the probability lies in a correction inbound - wether it correct to the mid zone and then continue lower, or if price brakes through we can see price make its way up to 1980 and BEYOND !!!
On the Monthly chart price is also testing last months low region and a clear brake below this if you were to go to the monthly chart would see a further decline to 1800
The remainder of the month is looking interesting .....
Stay tuned
How price is reacting at the bottom of the Weekly range is rather Reversal like and also paying attention to where price is on the DXY - the probability lies in a correction inbound - wether it correct to the mid zone and then continue lower, or if price brakes through we can see price make its way up to 1980 and BEYOND !!!
On the Monthly chart price is also testing last months low region and a clear brake below this if you were to go to the monthly chart would see a further decline to 1800
The remainder of the month is looking interesting .....
Stay tuned